Fidelity Bank Mortgage Rates, Fees & Info

West Des Moines, IA

LEI: 254900ALCPGGRYFG8I88

Tax ID: 42-0166023

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Fidelity Bank is a smaller bank specializing in Home Purchase and Refi loans. Fidelity Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top two markets are Des Moines and Ames .

    Fidelity Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Fidelity Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.53% 4/21/24
    30 Year Conventional Refi 6.31% 4/21/24
    30 Year Cash-out Refi 6.60% 4/21/24
    30 Year FHA Purchase 7.03% 4/21/24
    30 Year FHA Refi 6.27% 4/21/24
    30 Year VA Purchase 6.18% 4/21/24
    30 Year USDA Purchase 6.57% 4/21/24
    15 Year Conventional Purchase 5.80% 4/21/24
    15 Year Conventional Refi 6.03% 4/21/24
    15 Year Cash-out Refi 6.03% 4/21/24
    15 Year VA Purchase 6.40% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Fidelity Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Fidelity Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,881

    Origination Dollar Volume (All Markets)

    $435,375,000

    Employee count

    51 Show all (16) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1,599 $362,885,000 $226,945 $3,091 2.97%
    Outside of Metro Areas 240 $64,340,000 $268,083 $3,189 2.97%
    AMES, IA (FHA|USDA|VA) 42 $8,150,000 $194,048 $3,392 2.83%
    Fidelity Bank's top markets include Des Moines and Ames among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Fidelity Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FINANCIAL PLUS Credit Union
    Similarity Rank: 172
    GREATER IOWA CREDIT UNION
    Similarity Rank: 276
    Fidelity Bank
    Similarity Rank: 387
    I. H. MISSISSIPPI VALLEY CREDIT UNION
    Similarity Rank: 442
    Premier Credit Union
    Similarity Rank: 588
    MEMBERS1st Community Credit Union
    Similarity Rank: 749
    Raccoon Valley Bank
    Similarity Rank: 828
    Luana Savings Bank
    Similarity Rank: 1248
    COMMUNITY 1ST CREDIT UNION
    Similarity Rank: 1470
    Bank Iowa
    Similarity Rank: 1512

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,407 $335,265,000 $238,284 $2,408 2.97%
    FHA 317 $61,035,000 $192,539 $5,685 3.03%
    VA 106 $30,660,000 $289,245 $4,235 2.73%
    USDA 51 $8,415,000 $165,000 $3,878 2.82%

    For 2020, Fidelity Bank's most frequently originated type of loan was Conventional, with 1,407 originations. Their 2nd most popular type was FHA, with 317 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,141 $249,365,000 $218,550 $3,713 2.99%
    Refi 598 $152,250,000 $254,599 $2,137 2.89%
    Cash Out Refi 140 $33,460,000 $239,000 $2,415 3.09%
    Home Improvement 1 $85,000 $85,000 $0 4.75%
    Other 1 $215,000 $215,000 $2,146 2.75%

    For 2020, Fidelity Bank's most frequently cited loan purpose was Home Purchase, with 1,141 originations. The 2nd most popular reason was Refi, with 598 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,635 $380,425,000 $232,676 $3,259 2.98%
    15 Year 157 $35,435,000 $225,701 $1,987 2.54%
    20 Year 48 $11,230,000 $233,958 $1,954 2.85%
    Other 25 $5,655,000 $226,200 $2,526 4.06%
    1 Year 9 $1,435,000 $159,444 $3,534 4.69%
    10 Year 6 $1,090,000 $181,667 $2,318 2.38%
    3 Year 1 $105,000 $105,000 $0 4.25%

    For 2020, Fidelity Bank's most frequently cited loan duration was 30 Year, with 1,635 originations. The 2nd most popular length was 15 Year, with 157 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,593 $376,645,000 $236,438
    $1k-2k 212 $39,790,000 $187,689
    $2k-3k 41 $11,065,000 $269,878
    $3k-4k 10 $3,020,000 $302,000
    $5k+ 2 $610,000 $305,000
    $4k-5k 1 $295,000 $295,000

    Fidelity Bank's average total fees were $3,259, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,593 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 675 $160,135,000 $237,237
    3-4% 655 $143,315,000 $218,802
    <2.5% 492 $122,010,000 $247,988
    4-5% 53 $8,935,000 $168,585
    5-6% 6 $980,000 $163,333

    During 2020, Fidelity Bank's average interest rate for loans was 2.98%, while their most frequently originated rate bucket for loans was 2.5-3%, with 675 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 876 $240,280,000 $274,292 $3,232 2.91%
    $100k-200k 753 $116,525,000 $154,748 $2,985 3.01%
    $400k-600k 148 $68,860,000 $465,270 $3,360 2.83%
    $100,000 or less 102 $8,230,000 $80,686 $2,328 3.28%
    $600k-1MM 2 $1,480,000 $740,000 $25,334 3.63%

    2020 saw Fidelity Bank place emphasis on $200k-400k loans with 876 originations, totaling $240,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 477 $94,665,000 $198,459 $3,242 2.95%
    $100k-150k 395 $104,425,000 $264,367 $2,811 2.96%
    $50k or less 357 $57,515,000 $161,106 $3,396 2.94%
    $75k-100k 329 $75,305,000 $228,891 $3,456 3.01%
    $150k-250k 236 $75,310,000 $319,110 $2,628 2.92%
    $250k+ 71 $24,875,000 $350,352 $2,455 2.82%

    Fidelity Bank lent most frequently to those with incomes in the $50k-75k range, with 477 originations. The second most popular income band? $100k-150k, with 395 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 467 $110,035,000 $235,621 $2,612 2.92%
    30-36% 330 $75,010,000 $227,303 $2,899 2.98%
    <20% 174 $42,810,000 $246,034 $2,256 2.84%
    50-60% 104 $23,250,000 $223,558 $5,815 2.92%
    44% 75 $17,325,000 $231,000 $3,907 3.15%
    43% 73 $16,835,000 $230,616 $3,233 2.94%
    41% 66 $15,590,000 $236,212 $3,050 3.01%
    37% 61 $13,975,000 $229,098 $3,355 2.90%
    42% 58 $12,980,000 $223,793 $3,184 3.03%
    36% 58 $12,450,000 $214,655 $3,123 2.99%
    38% 58 $14,000,000 $241,379 $3,338 3.00%
    39% 58 $12,900,000 $222,414 $2,998 2.89%
    40% 57 $13,495,000 $236,754 $2,915 3.04%
    47% 49 $11,605,000 $236,837 $3,405 2.93%
    45% 45 $9,975,000 $221,667 $3,681 3.07%
    49% 38 $9,010,000 $237,105 $3,544 2.94%
    46% 37 $7,535,000 $203,649 $3,836 2.91%
    48% 34 $7,130,000 $209,706 $3,747 2.91%
    >60% 6 $1,540,000 $256,667 $1,582 3.33%

    Fidelity Bank lent most frequently to those with DTI ratios of 20-30%, with 467 originations. The next most common DTI ratio? 30-36%, with 330 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,568 $355,860,000 $226,952 $3,082 2.96%
    Not provided 189 $49,105,000 $259,815 $2,793 2.91%
    Asian 40 $10,890,000 $272,250 $3,909 2.75%
    Black 38 $7,930,000 $208,684 $4,341 2.86%
    American Indian 15 $3,895,000 $259,667 $4,995 3.07%
    Not applicable 16 $3,280,000 $205,000 $0 4.59%
    Asian Indian 7 $2,215,000 $316,429 $2,131 2.61%
    Other Asian 3 $775,000 $258,333 $2,038 2.92%
    Korean 2 $630,000 $315,000 $5,954 2.63%
    Chinese 1 $395,000 $395,000 $2,231 2.88%
    Other Pacific Islander 1 $225,000 $225,000 $5,835 2.63%
    Vietnamese 1 $175,000 $175,000 $2,187 2.50%

    Approval Rates

    Total approvals of all applications
    98.74%

    Fidelity Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    83.68%

    Fidelity Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,881 $435,375,000 $231,459

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,605,000 $535,000
    Single Family (1-4 Units):Manufactured 3 $485,000 $161,667
    Single Family (1-4 Units):Site-Built 1,875 $433,285,000 $231,085

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $5,340,000 $166,875 $2,174 2.88%
    40-60% 136 $30,460,000 $223,971 $1,962 2.76%
    60-80% 582 $142,180,000 $244,296 $2,081 2.99%
    80-100% 1,107 $250,945,000 $226,689 $3,703 2.98%
    Over 100% 21 $6,115,000 $291,190 $8,636 2.87%
    Under 20% 3 $335,000 $111,667 $1,102 4.08%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Fidelity National Financial, Inc Conventional home mortgage Closing on a mortgage 8 53.3%
    Fidelity National Financial, Inc Conventional home mortgage Incorrect information on your report 1 6.7%
    Fidelity National Financial, Inc Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 6.7%
    Fidelity National Financial, Inc Conventional home mortgage Struggling to pay mortgage 1 6.7%
    Fidelity National Financial, Inc Home equity loan or line of credit (HELOC) Closing on a mortgage 2 13.3%
    Fidelity National Financial, Inc Other type of mortgage Closing on a mortgage 1 6.7%
    Fidelity National Financial, Inc VA mortgage Closing on a mortgage 1 6.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Fidelity Bank 102 National Drive Huxley, IA 50124 Full Service B&M $26,516
    Fidelity Bank 177 South Jordan Creek Parkway West Des Moines, IA 50266 Full Service B&M $16,714
    Fidelity Bank 205 Water Street Cambridge, IA 50046 Full Service B&M $6,432

    For 2020, Fidelity Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,316
    Net interest income $1,818
    Total noninterest income $15,308
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $22
    Trading account gains and fees $0
    Additional Noninterest Income $15,286
    Pre-tax net operating income $4,817
    Securities gains (or losses, -) $27
    Income before extraordinary items $4,604
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,604
    Minority interest net income $0
    Net income $4,604
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,578

    Fidelity Bank's gross interest income from loans was $3,316,000.
    Fidelity Bank's net interest income from loans was $1,818,000.
    Fidelity Bank's fee based income from loans was $22,000.
    Fidelity Bank's net income from loans was $4,604,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,498
    Provision for credit losses $50
    Total noninterest expense $12,259
    Salaries and employee benefits $8,720
    Premises and equipment expense $727
    Additional noninterest expense $2,812
    Applicable income taxes $240
    Net charge-offs $0
    Cash dividends $1,445

    Fidelity Bank's interest expense for loans was $1,498,000.
    Fidelity Bank's payroll and benefits expense were $8,720,000.
    Fidelity Bank's property, plant and equipment expenses $727,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $53,292
    Deposits held in domestic offices $53,292
    Deposits by Individuals, partnerships, and corporations $42,416
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,558
    Deposits by Commercial banks and other depository institutions in U.S. $9,318
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $18,010
    Demand deposits $14,709
    Nontransaction accounts $35,282
    Money market deposit accounts (MMDAs) $12,000
    Other savings deposits (excluding MMDAs) $4,926
    Total time deposits $18,356
    Total time and savings deposits $38,583
    Noninterest-bearing deposits $11,137
    Interest-bearing deposits $42,155
    Retail deposits $44,736
    IRAs and Keogh plan accounts $0
    Brokered deposits $7,727
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $112,254
    Cash & Balances due from depository institutions $7,911
    Interest-bearing balances $6,212
    Total securities $2,180
    Federal funds sold & reverse repurchase $0
    Net loans and leases $91,166
    Loan and leases loss allowance $720
    Trading account assets $0
    Bank premises and fixed assets $2,916
    Other real estate owned $0
    Goodwill and other intangibles $1,690
    All other assets $6,391

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $112,254
    Total Liabilities $98,896
    Total deposits $53,292
    Interest-bearing deposits $42,155
    Deposits held in domestic offices $53,292
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $43,306
    Subordinated debt $0
    All other liabilities $2,298

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $91,166
    Loan and leases loss allowance $720
    Total loans and leases (domestic) $91,886
    All real estate loans $88,468
    Real estate loans in domestic offices $88,468
    Construction and development loans $21,040
    Residential 1-4 family construction $18,632
    Other construction, all land development and other land $2,408
    Loans secured by nonfarm nonresidential properties $3,319
    Nonfarm nonresidential secured by owner-occupied properties $1,632
    Commercial real estate & other non-farm, non-residential $1,687
    Multifamily residential real estate $341
    1-4 family residential loans $63,462
    Farmland loans $306
    Loans held in foreign offices $0
    Farm loans $666
    Commercial and industrial loans $2,522
    To non-U.S. addressees $0
    Loans to individuals $225
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $225
    All other loans & leases $5
    Loans to foreign governments and official institutions $0
    Other loans $5
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Fidelity Bank had $91,166,000 of loans outstanding in 2020. $88,468,000 of loans were in real estate loans. $21,040,000 of loans were in development loans. $341,000 of loans were in multifamily mortgage loans. $63,462,000 of loans were in 1-4 family mortgage loans. $666,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 9 $2,279 $253,222
    Nonfarm, nonresidential loans - <$100k 1 $93 $93,000
    Nonfarm, nonresidential loans - $100-250k 3 $402 $134,000
    Nonfarm, nonresidential loans - $250k-1MM 5 $1,784 $356,800
    Commercial & Industrial, US addressed loans - <$1MM 41 $1,255 $30,610
    Commercial & Industrial, US addressed loans - <$100k 33 $488 $14,788
    Commercial & Industrial, US addressed loans - $100-250k 8 $767 $95,875
    Farmland loans - <$1MM 4 $306 $76,500
    Farmland loans - <$100k 2 $100 $50,000
    Farmland loans - $100-250k 2 $206 $103,000
    Agriculture operations loans - <$1MM 2 $146 $73,000
    Agriculture operations loans - <$100k 2 $146 $73,000